BC3 Summary of requirements (20/03/2012)

BC3 Summary of requirements

A principal applicant for a Long Term Business Visa must:

1. have completed a business plan that meets the requirements of BC4.5 for their business proposal; and
2. have business experience relevant to their business proposal; and
3. not have been involved in bankruptcy or business failure within the 5 years preceding the date their application was made; and
4. not have been involved in business fraud or financial impropriety; and
5. have obtained professional or occupational registration in New Zealand if registration is required for operating the proposed business; and
6. have, in addition to investment capital, sufficient funds (see BC6.1) for their maintenance and accommodation and that of any partner and/or dependent children who are applying for temporary visas to accompany the principal applicant to New Zealand; and
7. meet health and character requirements for residence as set out at A4 and A5.15 to A5.25; and
8. meet the minimum standard of English (see BF); and
9. aside from the health and character requirements set out in (g) above, applicants must meet all other requirements under Generic Temporary Entry Instructions; and
10. satisfy a business immigration specialist that they are genuinely interested in establishing the business in New Zealand.

BC3.1 Unacceptable Risk

1. INZ will decline an application for a Long Term Business Visa where it considers the grant of the visa would create unacceptable risks to the integrity of New Zealand’s immigration or employment laws or policies.
2. Offering business opportunities to meet the requirements of a Long Term Business Visa application by persons whose main business is the facilitation of entry to New Zealand of non-New Zealand citizens and residence class visa holders potentially creates an unacceptable risk to the integrity of New Zealand’s immigration laws and policies. Therefore, applications for Long Term Business Visas based on such business opportunities will not be approved.

Effective: 20/03/2012